Price for Musical Instruments; Parts and Accessories for Pianos in Kuwait - 2022
Contents:
- Price for Musical Instruments; Parts and Accessories for Pianos in Kuwait (CIF) - 2022
- Imports of Musical Instruments; Parts and Accessories for Pianos in Kuwait
Price for Musical Instruments; Parts and Accessories for Pianos in Kuwait (CIF) - 2022
The average import price for musical instruments; parts and accessories for pianoses stood at $22,188 per ton in 2022, growing by 85% against the previous year. Overall, the import price continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2016 when the average import price increased by 161% against the previous year. Over the period under review, average import prices reached the maximum at $27,877 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($22,205 per ton), while the price for the United States totaled $22,111 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Musical Instruments; Parts and Accessories for Pianos in Kuwait
In 2022, supplies from abroad of musical instruments; parts and accessories for pianoses decreased by -50.9% to 144 kg, falling for the second year in a row after two years of growth. Over the period under review, imports faced a precipitous decline. The pace of growth was the most pronounced in 2020 when imports increased by 14% against the previous year. As a result, imports reached the peak of 378 kg. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of musical instruments; parts and accessories for pianoses dropped to $3.2K in 2022. In general, imports recorded a dramatic curtailment.
| Import of Musical Instruments; Parts and Accessories for Pianos in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | N/A | N/A | 2.6 | 0% |
| United States | 2.0 | 1.0 | 0.4 | 0.6 | -33.1% |
| China | 2.1 | 2.0 | 1.6 | N/A | -12.7% |
| Indonesia | 1.1 | 1.6 | 0.6 | N/A | -26.1% |
| United Arab Emirates | 1.0 | 0.1 | 0.6 | N/A | -22.5% |
| Taiwan (Chinese) | 0.2 | 0.1 | 0.1 | N/A | -29.3% |
| Others | 2.8 | N/A | 0.3 | N/A | -67.3% |
| Total | 9.2 | 4.9 | 3.5 | 3.2 | -29.7% |
Top Suppliers of Musical Instruments; Parts and Accessories for Pianos to Kuwait in 2022:
- Turkey (117.0 kg)
- United States (27.0 kg)
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